CIBC World Markets Inc. Takes Position in Weyerhaeuser Co (NYSE:WY)

CIBC World Markets Inc. acquired a new stake in Weyerhaeuser Co (NYSE:WY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,561 shares of the real estate investment trust’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Vanguard Group Inc increased its position in Weyerhaeuser by 5.7% during the third quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after buying an additional 5,195,461 shares in the last quarter. BlackRock Inc. grew its position in shares of Weyerhaeuser by 1.9% in the first quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock valued at $1,394,812,000 after purchasing an additional 1,006,414 shares during the period. American Century Companies Inc. grew its position in shares of Weyerhaeuser by 32.2% in the fourth quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock valued at $369,530,000 after purchasing an additional 4,119,961 shares during the period. Geode Capital Management LLC grew its position in shares of Weyerhaeuser by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock valued at $246,032,000 after purchasing an additional 711,947 shares during the period. Finally, Norges Bank purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at $173,259,000. 76.32% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on WY. Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research report on Friday, April 5th. Seaport Global Securities assumed coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They issued a “buy” rating on the stock. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $33.10.

In related news, insider Devin W. Stockfish purchased 5,195 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of $23.03 per share, with a total value of $119,640.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

Weyerhaeuser stock traded up $0.06 during midday trading on Monday, hitting $26.40. The stock had a trading volume of 5,133,202 shares, compared to its average volume of 5,085,839. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.48. The company has a market capitalization of $19.71 billion, a PE ratio of 22.37, a P/E/G ratio of 8.44 and a beta of 1.72. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $37.44. The business’s fifty day moving average is $24.50.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that Weyerhaeuser Co will post 0.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Thursday, June 6th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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